Analysis firm Coinfirm said that the U.S. Department of Justice (DOJ) seized digital assets related to the now-defunct Silk Road, leaving behind millions of dollars worth of tokens. According to Coinfirm, there is still a large amount of balance on the fork address originating from the wallet.
On November 5, the U.S. Department of Justice announced that a hacker named Individual X was cooperating with law enforcement and agreed to give up control of Bitcoin worth more than $1 billion. At the time of the seizure of 69,370 BTC, news.Bitcoin.com reported to DOJ that the address 1HQ3- controlled by individual X also contained approximately 69,370 BCH, BTG and BSV.
However, in an update after the “self-funding investigation,” the analyst firm stated that the US “appears to be ignored by the government and handed it over to someone who has access to the private key of the main wallet.” Although Coinfirm claims that it still Millions of dollars in funds have not been repaid, but the company has so far only released information on tokens with a total value of no more than $1 million.
According to the investigation, the Ministry of Justice left the following digital assets:
- 693701 Bitcoin Diamond (“BCD”), currently worth approximately $310,000.
- 69370 Super Bitcoin (“SBTC”), currently worth approximately $66,000.
- 69370.11453606 Bitcoin Private (“BTCP”), currently worth approximately $11,000.
According to Coinfirm, after cooperating with U.S. authorities, “Individual X fled the incident without being charged with any criminal charges.” It remains to be seen whether this latest revelation (if confirmed as true) will lead to changes in the transactions of individual X.
At the same time, Coinfirm claims that its password tracking work has uncovered dozens of cases in which law enforcement agencies may have unknowingly left large amounts of funds to criminal suspects without properly considering and seizing these assets.
Do you agree with Coinfirm’s view that after the Silk Road was confiscated, the US Department of Justice left behind millions of dollars worth of tokens? Tell us what you think in the comments section below.
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